Caseys General Stores, Inc. (CASY) Stake Boosted by Gamco Investors INC. ET AL

Gamco Investors INC. ET AL boosted its position in Caseys General Stores, Inc. (NASDAQ:CASY) by 2.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 62,898 shares of the company’s stock after buying an additional 1,700 shares during the period. Gamco Investors INC. ET AL owned approximately 0.16% of Caseys General Stores worth $6,737,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of CASY. Teacher Retirement System of Texas boosted its position in Caseys General Stores by 0.5% in the second quarter. Teacher Retirement System of Texas now owns 3,126 shares of the company’s stock valued at $335,000 after buying an additional 16 shares during the period. Bank of Montreal Can boosted its position in Caseys General Stores by 0.3% in the second quarter. Bank of Montreal Can now owns 5,264 shares of the company’s stock valued at $564,000 after buying an additional 18 shares during the period. State Treasurer State of Michigan boosted its position in Caseys General Stores by 0.6% in the first quarter. State Treasurer State of Michigan now owns 15,900 shares of the company’s stock valued at $1,785,000 after buying an additional 100 shares during the period. US Bancorp DE boosted its position in Caseys General Stores by 2.3% in the second quarter. US Bancorp DE now owns 4,773 shares of the company’s stock valued at $512,000 after buying an additional 107 shares during the period. Finally, State of Alaska Department of Revenue boosted its position in Caseys General Stores by 5.1% in the first quarter. State of Alaska Department of Revenue now owns 2,411 shares of the company’s stock valued at $270,000 after buying an additional 117 shares during the period. Institutional investors own 98.60% of the company’s stock.

Caseys General Stores, Inc. (NASDAQ CASY) opened at 104.94 on Wednesday. The firm’s 50-day moving average is $105.88 and its 200-day moving average is $110.85. Caseys General Stores, Inc. has a 12 month low of $101.89 and a 12 month high of $135.00. The company has a market capitalization of $4.05 billion, a PE ratio of 23.42 and a beta of 0.48.

Caseys General Stores (NASDAQ:CASY) last released its earnings results on Monday, June 5th. The company reported $0.76 earnings per share for the quarter, missing the consensus estimate of $0.85 by $0.09. The firm had revenue of $1.85 billion during the quarter, compared to analysts’ expectations of $1.88 billion. Caseys General Stores had a net margin of 2.36% and a return on equity of 14.93%. The business’s revenue was up 16.6% compared to the same quarter last year. During the same quarter last year, the business earned $1.19 EPS. Equities analysts anticipate that Caseys General Stores, Inc. will post $4.54 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, August 15th. Stockholders of record on Tuesday, August 1st were given a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 0.99%. The ex-dividend date was Friday, July 28th. This is an increase from Caseys General Stores’s previous quarterly dividend of $0.24. Caseys General Stores’s dividend payout ratio (DPR) is 23.21%.

Several research firms recently weighed in on CASY. Barclays PLC decreased their price objective on shares of Caseys General Stores from $116.00 to $100.00 and set an “equal weight” rating on the stock in a research report on Wednesday, June 7th. BMO Capital Markets set a $110.00 price objective on shares of Caseys General Stores and gave the stock a “market perform” rating in a research report on Wednesday, June 7th. Jefferies Group LLC set a $139.00 price objective on shares of Caseys General Stores and gave the stock a “buy” rating in a research report on Saturday, July 22nd. Royal Bank Of Canada restated a “sector perform” rating and issued a $121.00 price objective (down from $123.00) on shares of Caseys General Stores in a research report on Monday, May 29th. Finally, Zacks Investment Research upgraded shares of Caseys General Stores from a “sell” rating to a “hold” rating in a research report on Monday, August 14th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. Caseys General Stores has a consensus rating of “Hold” and a consensus target price of $116.29.

In other news, SVP Julia L. Jackowski sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, June 19th. The stock was sold at an average price of $108.09, for a total value of $108,090.00. Following the transaction, the senior vice president now owns 21,902 shares in the company, valued at $2,367,387.18. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 1.30% of the company’s stock.

Caseys General Stores Company Profile

Casey’s General Stores, Inc and its subsidiaries, operate convenience stores under the name Casey’s General Store in approximately 10 Midwestern states, in Iowa, Missouri, and Illinois. The Company also operates approximately two stores selling primarily tobacco products. The stores carry a range of food, including freshly prepared foods such as pizza, donuts, and sandwiches, beverages, tobacco products, health and beauty aids, automotive products and other nonfood items.

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